Monday, October 7, 2013

IIFCL tax-free bonds 2013 offers higher interest rate than bank FDs

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

RETAIL investors are spoilt for choice with two mega tax-free bond issues hitting the market with coupon rates higher than bank fixed deposits and prevailing public provident fund (PPF) rates.

 

India Infrastructure Finance Company's (IIFCL's) Rs 2,500 crore tax-free bond issue with coupon rate as high as 8.75 per cent opens on October 3, as per the details available on the stock exchanges.

Bank fixed deposit rates at 9 per cent with tax obligations and PPF rates at 8.7 per cent fixed for FY14 offer a tad lower interest income.

Housing and Urban Development Corporation (Hudco) tax-free bonds issue aiming to raise Rs 4,809.20 crore, which are also offering similar coupon rates, opened on September 17 and will close on October 14.

IIFCL has a mandate to issue tax-free bonds worth Rs 7,036.80 crore in FY14 from the central board of di

rect taxes. The first tranche opening October 3 will issue tax-free bonds worth Rs 2,500 crore. The issue will be open for subscription till October 31.

These bonds offer tenures of 10, 15 and 20 years. The coupon rate for retail individual subscribers opting for a 20-year tenure has been fixed at 8.75 per cent.

Hudco bond issue offers a coupon rate of 8.76 per cent for 15-year bond, 8.74 per cent for 20-year bond, and 8.39 per cent for 10-year bond for retail individual investors.

The coupon rate for retail investors has been fixed at 8.63 per cent for 15-year bond and 8.26 per cent for 10-year bond.

For corporate and institutional investors, the 20-year bond carries a coupon rate of 8.50 per cent, 15-year bond a coupon rate of 8.38 per cent and 10-year bond a coupon rate of 8.01 rate.

IIFCL 's bonds have been assigned AAA rating by ICRA, CARE, India Ratings and Brickwork Rating.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

0 comments: